Skip to main content

About your Search

20121201
20121231
STATION
CNBC 47
LANGUAGE
English 47
Search Results 0 to 46 of about 47 (some duplicates have been removed)
CNBC
Dec 10, 2012 5:00pm EST
's strategy. loyal customers and wall street alike wondering. ron johnson's initial approach was to lift sales to every day low prices and not through special promotions. but in december alone, the company has rolled out two special deals offering big discounts. the question now, is ron johnson's new strategy too little too late? let's welcome jpmorgan's senior retail analyst. matthew, great to see you. >> thank you. >> is this a switch in strategy or is this just desperation to get rid of inventory that's built up? >> i think it's a little bit of both, so, you know, i think that the moves that we've seen, you know, five pricing changes over the last 60 days, i think is more a result of sales trends that are clearly below as well as building inventory. but i think there's flexibility on johnson's part, heading into next year. i think the customers clearly voted that without sales, jcpenney is not their top destination. and so i think as you head into next year, jcpenney potentially is considering more of a hybrid model of sales, maybe more on basics, but trying to keep full price in some of th
CNBC
Dec 17, 2012 1:00pm EST
, is there a middle ground to be reached regarding gun control? we'll discuss that very subject with ron christie, former policy adviser to president bush. and national urban league ceo, mark. nancial obstacles military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] ♪ [ male announcer ] life brings obstacles. usaa brings advice. call or visit us online. we're ready to help. >>> in coming weeks, i'll use whatever power this office holds to engage my fellow citizens from law enforcement to mental health professionals to parent and educators. in an effort aimed at preventing more tragedies like this. because what choice do we have? we can't accept events like this as routine. >> that was part of president obama's speech last night in newtown, connecticut. we questioned, how do you find middle ground in the gun control debate. joining us to talk about that is ceo of the national urb
CNBC
Dec 3, 2012 4:00pm EST
to capture that dividend? cnbc contributor ron says it's tough to pull off. ron s this a smart strategy for investors to pursue? what's your take? >> i expect large i traders can do these things more efficiently than individuals. back in the 1980s japanese investors got special treatment for dividend payments. it was well better than what they got for capital gains. they used to engage in strategy called dividend rolling or dividend capture strategies where they would buy the stock one day before it went ex dividend, captured it, sold the stock later. i would suggest that unless you really want to own the stock, particularly some like dish, i wouldn't try to play around with this stuff because don't forget, the stock goes down by the amount of dividend paid out on a particular day. can you get trapped in some of these strategies by being too cute. >> i hate to go against fundamentals. you're cautious about buying those stocks for special dividends. what are the risks? >> have you to remember, the reason you have a special dividend is because there might have been better than expected ea
CNBC
Dec 6, 2012 7:00pm EST
conservative leaders in the house. here now to try to make this weak case is ron meyer. ron, first of all, i want to say that i commend john boehner for his valiant attempts to stop the fiscal cliff and to make a deal without giving up growth principles. but when you say conservatives don't support boehner, what is eric cantor, what is paul ryan? what is jeb henesling if he's not a conservative? what is tom price if he's not a conservative? what exactly are you smoking? the top conservatives in the house support boehner. >> well, i actually don't think that somebody like tom price would if he has his choice of who he could pick out of everyone. we should have the power of self-determination. we shouldn't get seniority decide, this person should be the next person -- >> look. he is running the house. he's the speaker of the house. you confuse that with running the conservative movement. >> well, then why don't you come out and say, we shouldn't raise taxes. boehner came out and said we should raise taxes. >> i think boehner is doing the best he can to prevent marginal tax rates from rising. i
CNBC
Dec 26, 2012 5:00am EST
the key markets to watch around the globe is ron shaw, managing partner at gina ventures. how are you doing? >> good. good morning. >> very good morning to you. did santa bring you everything you were hoping for? >> that and then some. >> that and then some. good. let's talk about emerging markets now. i've spoken to you a lot about how in the last couple of years, of course, there has been a lot of positive sentiment around investing in emerging markets. however, i got to say over the past couple of months and even this year, there has been i would say the mood shifting to cautiously optimistic. can you tell us what's driving that change? >> yeah. i think you have to continue to be cautiously optimistic for the emerging markets because obviously there's a growth story there. there's a lot of growth that investors want to capture. there's still a lot of outstanding risk. we saw a lot of that risk play out this year both on the government side, the reform side, as well as currencies. so i think there's definitely a handful of risks. and you have to kind of -- the play for emerging mark
CNBC
Dec 27, 2012 12:00pm EST
and sears. obviously an important year for ron johnson and jc penney. >> the model i'm looking at is the investment model. is any going to put money in these. best buy, i took a shot at that and that didn't work out. i don't think these names will attract significant investment capital. nothing warrants that. >> if one is, which one will it be? best buy, radio shack or penney? >> i think best buy. if you had to take a shot, it would be best buy. >> radio shack is in option at this point, right? whole option. you pretty much have a finite date on it, whenever they run out of money. >> given what's just happened with jc penney, they're up 42% in the last month. and ackman pushed his case elsewhere for herbal life, made money on that side and this side of the trade just recently as this thing has flipped around. we talk about dying ground, they burned their bridges. >> the stock is down huge year-to-date. >> it's down but take that 42% pop i guarantee you shorts are not happy heading to 2013 given that. >> is jc penney shaping up to be the biggest surprise of 2013? >> as long as h
CNBC
Dec 11, 2012 7:00pm EST
to protest. we have the late ev. good evening ron. this one got pretty rowdy didn't it? >> it did indeed. but because there were two arrests as we are told. two people tried to storm into the governor's office building across the street. police were happy with how folks hafed themselves today. probably 10,000 probably a smaller group than we saw in wisconsin last year when that issue blew up in neighboring wisconsin. today i spoke to the governor who said this is not about the charges coming from the leadership. he said this is about fairness and giving workers the right to choose whether they so choose or refrain from joining a june on. here is the governor talking about this issue. >> shouldn't the juunions be putting this out and should bt the workers make the decision? so that is why i view this as pro worker and not anti-union. they are upset about how this was pushed through. a lame duck section. democrats won ten extra seats and they felt that the culture in january would be different. they felt that they pushed this through because time was on their side. larry. >> many thanks le
CNBC
Dec 6, 2012 4:00pm EST
in and say, ron, why did you buy so much of that stock in the final ten minutes? he would report, because i like it. i already own it. you see how much i like it because i own it. that was the primary defense. you haven't seen a great many big prosecutions in this area. interestingly enough, one of the areas that they did, oh, about 25 years ago, prosecute some folks on was running a options portfolio. they marked the stock up to make the options more attractive so they got a bigger bonus from their firm. >> they closed the stock on the strike too, right, art? >> absolutely. >> the options owners wouldn't make any money. >> that's right. >> are you expecting, ron, that we're going to see various sort of techniques at year end to make the portfolios look better? >> i think now that this has become so public with "the wall street journal" article, it focuses on the movement of very thinly traded stocks. one thing to watch out for is they don't invest in this microcap world that is so easily pushed around. they were talking about one stock in the article that had a market value of $36 million.
CNBC
Dec 10, 2012 4:00pm EST
or not the rewards of cheating is worth the risks. we have clinical psychologist wendy walsh and ron gethner. great to have you both on. wendy i want to ask you first of all why do some people in wall street cheat? what do you think is going on in their minds in their face of potentially being prosecuted? >> well, first of all they're getting an exciting rush of dopamine in their brains no different than a shoplifter would. and they analyze their risks and rewards. the risks to them is minimal. because it is not prosecuted enough. every once in awhile there's a high profile person like martha stewart convicted and the rest of the time they go unnoticed. >> i would argue against that actually. >> i know, ron. "new york times" says the risk to reward is highly calculated and they go toward that risk feeling that the reward is going to be worth it. you don't buy that, do you? >> no, i don't. first let's look at what she just stated. the numbers are actually up on prosecution. s.e.c. is up 8% of the prosecutions from 2011 to 2010. 2012 hasn't closed the books yet. two, we've been on the inside talking
CNBC
Dec 11, 2012 3:00pm EST
's ron mott is in the thick of it with the latest. >> reporter: all those protesters are starting to make their way away from the stateho measures passed the house. i just came back with an interview with the governor who expects to sign these two measures tomorrow, though it could happen later tonight. no signing ceremony because of the contention surrounding the issue. one of the things that a lot of workers on the ground talked about says it's an issue of fairness. it's unfair for non-union members to benefit from generations of hard work, all the advancements for organized labor and blue collar workers through the generations. the governor says they believe this makes michigan more competitive not just to attract businesses here but around the world to attract international companies to michigan and puts them back on a level playing field with other states that have passed similar legislation. if the governor signs this, as expected. michigan will become the 24th right to work state, joining a lot of other gop republican-controlled legislature. a partisan issue, republicans versus dem
CNBC
Dec 18, 2012 3:00pm EST
.c. penney side, i do think j.c. penney has an interesting turnaround story here. the stores of ron johnson have been able to revamp and institute his new model of a collection of boutiques. those stores have seen the revenues double. only 10% of the stores have been revamped, but if they can continue to maintain cash flow long enough. >> i don't like what ron johnson is doing. since this guy's taken over this stock has done nothing but go down. it was about the product, not the concept. anyone could have sold ipads and ipad minis and iphones over the year, the complete opposite and failure at jv penny the want to avoid those shares. >> rich, of course, the stock has done poorly, but it's done much better since the ipo of groupon of the you've been much better served actually being in j.c. penney than being in groupon. i would also say this. i think there is a cushion you have in j.c. penney than not groupon and that's the real estate. arguably the real estate of jc penny is worth more than the market cap of the company. with the underlying protection i think you have a bit of a free call o
CNBC
Dec 20, 2012 4:00pm EST
, if he gets it through congress, he gains a little bit more leverage to have a bigger discussion. >> ron insana, isn't it interesting that this market is expecting a deal so much? >> yeah. >> even when we had both sides digging in. at the end of the day, money moves into equities as if investors are saying there's no way these guys won't do a deal by december 31? >> maria, so much different than what we saw last year in 2011 when the debt ceiling debacle took place. the market appears to be looking through this and seeing through all the posturing and making the bet that the deal, as you say, will get done. i like to go with the cumulative which is do. markets, the message of the markets, however you want to characterize it and think that somebody knows something a little bit better than i do on this one and, hence, they are discounting a positive rather than a negative outcome. >> yeah, for sure. bill stone, how are you allocating money in the face of all of this? >> i think you have to think about how it plays out in the end which we believe you get a deal. don't run away from in terms
CNBC
Dec 20, 2012 12:00pm EST
on our list is jcpenney. ceo ron johnson remains on the hot see the saet. can he turn the company around in 2013? welcome. it good to you have. are we overstating ourselves to call this one of the worst trades of the year? this certainly has ban disaster. >> it's been a disaster and it will continue to be a disaster. they've made every misstep can you imagine. >> you have no signs of light out of this company? nothing there you look at and say i can get behind this guy? >> the only signs of light you have is he's getting more realistic where he's out of promotions now. again, when you walk through the stores and we've had team go to the scores and you need traffic. though the combination of those two make it devastating. >> we can talk to the traders -- >> at this point i don't. you really need to see fundamental changes. >> and a store concept is not getting any traction sh. >> the store within the shore showed that the sales doublinged in the new jcpenney versus the old jcpenney. they show sales per square footer like $260. macy's who has store within a store but they have coach, great
CNBC
Dec 20, 2012 1:00pm EST
you have confidence in ron johnson? >> enormous company. >> what about the strategy that seems to have turned a little bit during the holiday season, moving more towards discounts than previously articulate et. >> sure. i have confidence in ron johnson, because he is a ceo. when the facts don't work out the way he thought, he does something else. they had thanksgiving day sale, promotions during christmas. i suspect if we get good results from that, you will see more of that. >> could see more of that. >> yes. >> bill ackman, thank you for joining us. back to you guys. >> andrew, thank you very much. to kate kelly now because herbalife is responding and kate has late-breaking details on that. kate? >> thank you, sue. just to reiterate, response to ackman from herb al life. saying mr. ackman has previously said to beware of companies. we asked to be part of the call today, he refused. his miss statements are mistakes are too numerous to address immediately. once again, michael johnson, their ceo yesterday, called claims being called bogus, add matly denied they are a pyramid scheme. sou
CNBC
Dec 31, 2012 6:00am EST
. then at 8:00 a.m. eastern, senator ron johnson and bob corker. president obama issued a warning on "meet the press." >> on midnight, december 31st, if congress doesn't act, then everybody's taxes go up. and for the average family, that could mean a loss of $2,000 in income. for the entire economy, that means consumers have a lot less money to make purchases, which means businesses are going to have a lot less customers, which means that they're less likely to hire and the whole economy could slow down at a time when the economy is starting to pick up. >> but after it was all said and done, leaders on the senate floor couldn't get anything done, at least not yet. >> there's no single issue that remains an impossible sticking point. the sticking point appears to be a willingness and interest or frankly the courage to close the deal. i want everyone to know, i'm willing to get this done, but i need a dance partner. >> this morning, we've been trying to come up with some counteroffice to my friend's proposal. we haven't been able to do that. i've had a number of conversations with the presid
CNBC
Dec 12, 2012 3:00pm EST
. >> yeah. >> let's get reaction from our guests, tyler verne oven builtmore capital and our friend ron insana and rick sell who got a shutout during the news conference identified as steve liesman's nemesis and steve who was the first questioner there during the chairman's news conference will be joining us shortly here as well. tyler vernon, what do you make of the fed's new view of monetary policy? they are targeting fed funds to go up when the unemployment rate goes to 6.5%? what do you make of that? >> well, i think what i make of that is that it's probably going to be around a lot longer than we think. before they talked about 2015, they continue to see an economy weakens, so i think it gives them flexibility to get the rates out a little longer. >> is that good or bad? >> you know, i think short term it's probably a good thing? long term i think it creates a lot of issues, and he even said, and i quote, asset purchases are less well understood, and he doesn't really understand the costs long term of these types of things. the market is down, look at where the market was now versu
CNBC
Dec 17, 2012 4:00pm EST
for the spending habits of those with a higher tax bill. joining me now a ron weiner. once again our own robert frank also joining the conversation. great to see you guys. thank you so much for joining us. you say it won't impact spending habits. if the rich see their rates go higher, you don't think it will impact what they spend their money on. >> i don't think it will impact their lifestyle at all. in fact, the only time my wealthy clients high net worth clients when their spending habits are affected are when their portfolios are down during any given week. i don't think it'll effect their spending habits whatsoever. >> i agree with you. we're focused so much on the ordinary income tax rates. but aren't the investment taxes much more impactful. the tax on cap gains. >> i agree. they are worrisome. that's why many clients are on the sidelines and don't want to do anything. they wanted to buy into a year end rally but they're hesitant. when you don't know the playing rules especially when there's so much disorganization in washington, there's no reason for the client to get involved. but when
CNBC
Dec 17, 2012 7:00pm EST
this with wisconsin republican senator and budget committee member ron johnson. senator johnson, i just want to read off a couple to you. i just love this. $60 billion bill. $8 million for cars and furniture for the fbi. $150 million for salmon fishing, $57 million to clean up tsunami debris from 2011, $336 million for the amtrak program that's never been done. what is going on here? the people in new york who are still suffering need direct assistance. none of this is direct assistance. >> hello, larry. of course what's going on is business as usual here in washington. listen, i think there's bipartisan support to realize that this is emergency. we want to get money flowing to the people that need it. but let's get some information. let's not create a christmas tree here and load it up with all kinds of different ornaments. let's take a look at what the true need is, short term and then longer term. and let's do this in a measured fashion. so from my standpoint, i think it makes an awful lot of sense. we've got nine months left till fiscal year 2013. that's kind of the line of demarcation. we shoul
CNBC
Dec 19, 2012 6:00pm EST
by the way helped bring public while i was at goldman, and, i say buy ppg. let's go to ron in new jersey. ron? >> caller: boo-yah, buddy. >> liking that. what's up? >> caller: where do you see this new -- >> oh, i like it, mondelez, my charitable trust owns it. stephanie link was telling me this morning because we go over the portfolio, this is the one, this is the one, not general mills, not heinz, no mccormick. this is the one. larry in washington, larry? >> caller: boo-yah from port angeles, washington, jim. >> i'm liking that. >> caller: what do you think about american axle? you recommended that a few months ago, are you still hot on it? >> yes, i am. i think that is absolutely terrific. it's going to be big, the trucks port is going to be big. i like it. i want to own it. now let's go to emile in new york. emile? >> caller: hi, jim, how are you doing? >> couldn't be better. how about you, partner? >> caller: doing great. what are your thoughts on a long position in tdg for the upcoming year? >> oh, man, come on, aerospace, i love it. the stock is up 50%. >> buy, buy, buy! >> i think it'
CNBC
Dec 27, 2012 6:00pm EST
the ten-year or 30-year i think you're fine. that's what we have to look at, a competitive situation. ron in texas. ron? >> caller: yes, sir. >> what's up? >> caller: so, how do you know when to get out of a stock? let's say you're doing well, got a dividend, but you're way up. how do you know? >> how do you know to get out? look, one of things that we like to do, have to stay in touch with the fundamentals. we don't do buy and hold. we do buy and homework. suddenly see a decline in cash flow, suddenly see a company has a change -- like if a cfo leaves, that matters, but in general we don't like to be greedy because bulls make money and bears make money and hogs get slaughtered. if you can take out enough money to be able to play with the house's money, that's when you're golden. your portfolio should be able to dividend, not to buy, but dividend and conquer. make sure you have at least one high-yielder that. helps when it comes to diversification. after the break we'll try to make you even more money. >>> keep up with cramer all day long. follow @jimcramer on twitter and tweet your quest
CNBC
Dec 11, 2012 6:00am EST
back in 30 minutes we're going to sit down with wisconsin senator ron johnson and talk for the next hour, grover norquist, old buddy from college joins us. will his tax pledge hinder a deal on the fiscal cliff? he rises above? where is that rising above? >> that's true. there are some people who say you got to stick with your convictions, others -- >> stick around. let's bring joe and andrew back into this. guys you've been listening to the conversations this morning. your take away? are we closer, further away? you hearing things you like? >> further away. >> further away. i've decided, becky and jim, that probably the best way to do it, i'm in howard dean's camp, why wouldn't the president go over the cliff and then introduce legislation lowering the rates on 98%? and if the republicans don't vote for that he gets the tax cutting mantel and i don't see how they would vote against that? >> so cynical. >> but so true. >> why is that cynical? >> you know, because -- because i think it's crazy that that's the way things get done in washington, and we will explain that to the public. t
CNBC
Dec 11, 2012 9:00am EST
, it's not there. >> i know this name isn't on your list, rocco, but i wanted to bring jcpenney up. ron johnson you could have argued would have been the ceo to turn the company around. but we've not seen the results. would you consider putting him on this list as well is this. >> i wrote an article earlier in november that criticized ron johnson and his performance. i think what happened there is ron johnson was fantastic at apple. but he worked at apple with steve jobs. ron johnson probably read a few too many of his press clippings. if you watch the investor day he did a few months back when he first came to jcpenney, people thought he was crazy when he went to target and went to apple. and then he talks about how he went to steve jobs' house, saying, steve, i'm leaving for jcpenney. and he said, are you crazy? and he's saying, target was great, i went to apple was great and now we're in the same position with jcpenney and i'm going to work the same magic there. no, you can run shotgun with steve jobs all day long. steve jobs was the retail architect. >> we should note, andrew mason
CNBC
Dec 11, 2012 4:00pm EST
, ron mott, thanks very much for the latest there. >>> a lot more ahead in the special "mission critical, right above d.c." we're back with former federal reserve chairman alan greenspan who will sit down with me for an interview only on this network. he's partly to blame for the looming fiscal cliff crisis and the white house's plan for another economic stimulus and why is roger at man optimistic that republicans and democrats can come together and reach a deal in avoiding going over the fiscal cliff. >> reporter: and why are billionaire investors warren buffett and george soros calling on congress to raise the wealth tax. we'll have that story. stay with us. even those held elsewhere, giving her the confidence to pursue all her goals. when you want a financial advisor who sees the whole picture, turn to us. wells fargo advisors. >> time is running out. >> right now the american people have to be scratching their heads when is the president going to get serious? >> washington remains at odds. >> that is a bad strategy for america. it's a bad strategy for your businesses, and it is not a
CNBC
Dec 27, 2012 9:00am EST
not with radioshack, some point out other. jc penney, you know so well, covered it on cnbc, ron johnson and great magical vision for this company. so far, it has failed. again, it is make or break for mr. johnson. >> even with some optimistic analysts there who see signs of success this that have nothing to do with the original plan. >> a chart in our story, carl that shows the dropoff of jc penney stock -- i'm sorry, jc penney sales. they have lost 30 to 40% of their entire sales. that is very hard to do. >> take a look at some of the japanese exporters, talking about that in the cop text of going short the end, going long japanese stocks. an area to watch. overnight, expecting out of japan cpi data, expected to further the case for bank of japan to embark on more stimulus, bad news equals good news for japan what traders are bracing for overnight i at least on the japan trade. in terms of retailers, sears holdings is up a percent in today's session, the other three are doing pretty poorly. pretty poorly in today's session. it does look like we are extending our three-day losing streak we saw ac
CNBC
Nov 30, 2012 7:00pm EST
. the current says well we have isn't working. >> we had a lot of interviews with ron paul during his presidential run. we talked about gold. what do you make of getting rid of the dollar bill? do you care about that? >> you mean for a coin? >> yes. too expensive to print. >> that doesn't really matter. look, the bigger question we have a lot bigger fish to fry than whether we use a dollar bill or a coin for a $1 note. the bigger problem is the debasement that that represents. the dollar's down over the last four decades. since we went off gold in august of '71 we're down 82%. and to what end, right? is it helping us with respect to employment? obviously not. employment ratios are down. is it helping our financial system? no. the big three banks are in a world of trouble. they all three trade at less than book. so what exactly are we getting out of all this monetary debasement? the one thing we're getting is a runaway spending in washington, d.c. that's the effect of this unlimited print mag sheen that the federal reserve has. >> let's put some gold into the equation. gold as legal te
CNBC
Dec 4, 2012 3:00pm EST
story here. ron is now cla-- we're going to out the truth behind the spy game later. ♪ mom? dad? guys? [ engine turns over ] [ engine revs ] ♪ he'll be fine. [ male announcer ] more people are leaving bmw, mercedes and lexus for audi than ever before. take advantage of exceptional values customer erin swenson tbought so, i'm happy. today. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm happy. i'm happy. i'm happy. happy. happy. happy. happy. (together) happy. i love logistics. >>> welcome back. we've been talking all week and for days about companies issuing these special dividends to get ahead of anticipated higher tax rates in the new year. now we find out many firms are actually borrowing money to pay out these dividends even though they have plenty of cash. why borrow the money now? they have stashed cashes overseas is one reason, and they don't want the tax hit by bringing it back
CNBC
Dec 10, 2012 12:00pm EST
out for its ceo ron johnson and his future. and of course, the stock, we'll be right back. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. americans are always ready to work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ >>> it is time now for our top three trades on halftime. first up, goldman sachs downgrading the cme group to a sale from neutral. saying 2013 will be a rough stock for changes. >> it has been a tough couple years for these guys. everything from peregrine fina
CNBC
Dec 10, 2012 1:00pm EST
on friends and family discount over the weekend. has ron johnson finally come around? or too little too late john karner? >> i was a buyer into the story line. when i saw bill akman give his presentation on how jc penney would turn things around with no more coupons, i bought the idea. so the the fact that he is backing down now, made me questioned kwe his lehis leadership. >> i would like to see an about face from johnson. he said no coupons. if he is changing his strategy, i would like him to come out and apologies. it is like lipstick on a pig. in any e-mail this morning, they today farm this house to something bigger than my friends and family. >> he was brought into a no coupon strategy. get rid of them if it doesn't work. >> let's move on to "the new york times," regarding that bloomberg ear company might make a bid for the financial times. or digital property like linkedin. the mayor will move on the political stage in a couple of years. maybe wen't to run something really big. not that he's not now. >>ty, i can actually say this is not out of the realm of possibility. this is somethi
CNBC
Dec 14, 2012 6:00pm EST
the company around by ron johnson, the guy who created the apple store, and best buy because its founder seems hellbent on taking the company private. penney was on the ropes until recently when we learned from manny tirico, right here, the terrific ceo of pvh, phillips venue and izod, you know all those great brands, tommy, calvin klein, that penney's has started to order a ton of merchandise from pvh for its store within a store. in fact, his comments marked the bottom in the stock. as i pointed out at the time, i shopped jcpenney on tuesday and it was actually quite nice. i had lost this really good hat. if anyone knows my hat, please give it back to me. i went to buy it and they were all out of them. at $21 jcpenney can go higher even without additional news. best buy, i think the fundamentals here are on the decline. it feels terminal to me. so it seems a little ridiculous to own the stock. just as i think it's a little ridiculous that schultz, the founder, can get the financing to make the takeover that he so desperately seems to want to do. let me close by saying i totally understand th
CNBC
Dec 18, 2012 1:00pm EST
number one. ron johnson of jcpenney. this is a company that had a tremendous number of blunders right out of the gate with just overall optimistic sales and earnings guides. i have no idea why anyone in a turnaround company would have sales or earnings guides. last quarter 26% decline in comp store sales, really had people wondering if this could ever be turned around. the one defense i must mention. i must mention this to you, tyler. this is a company that's in a turnaround. when a company is in a turnaround, i think you must give the ceo a chance. in this case, he came out and he said from the start, it's going to take two or three years or a number of years. >> he's only been there 13 months. herb, i know you're a tough trader. he seems like such a nice man. >> he seems like a really nice man. he's engaging. nice and execution are two separate things. he is really trying to recreate a major retailer. no one has really done it quite like that. will he be able to do it? he could end up as a best ceo down the road. >> nothing would please you more. >> nothing would, i really respect great
CNBC
Dec 18, 2012 4:00pm EST
with j.c. penney's ron johnson. his sin, way too optimistic in offering up guidance on what supposedly is a turnaround. the result of a promising and underdelivering. the reason he's not winner of this list is because you have to give him a chance to see if he can actually pull penney out of the hole. next is really a tough one, one i really anguished over and thought this guy might be number one and that is steve ballmer of microsoft. after years of missteps and playing follow the leader and the windows part of business, which is really only 25% of revenue, windows 8 was the trigger. it just simply hasn't knocked the cover off the ball, and that's after years, as i say, of missteps in this side of the business. in the end, however, the worst ceo easily is groupon's andrew mason. this has been nothing short of a disaster. and from a ceo standpoint i would suspect many would look at him and say a joke, an expensive joke for those who bought in early on the stock, and as i've previously said, this now appears to be a public company in search of a real business or maybe someone to execute
CNBC
Dec 27, 2012 5:00pm EST
is remarkable to me, stephen weiss, is that a lot of analysts are finally getting behind ron johnson and his style, because jcpenney has reverted back to its promotion always, which didn't work in the first place. >> it's mind boggling he still walks around with a halo. why you would ever want to go near this stock, even if they turn it around, it still selling at 20 times fiscal numbers. going to have to raise equity, versus now given what we've seen, the carnage. you have macy's at less than ten times next year and there's no turn around. so, why buy it? i still say sell it. ten bucks written all over it. go somewhere else. >> are you with weiss? >> i'm not in jcpenney at all right now. i'm long macy's. when you look at jcpenney, i want to short the name. so, you saw when it started to rally back about four months ago, it went from 26 to 31 on a rumor. that's short covering there. so, this is a tough name to be short. because there's so much short -- >> i'm no longer short. i covered in the high teens. >> the one thing we didn't mention on yesterday's show was the long, the pending potenti
CNBC
Dec 11, 2012 4:00am EST
this morning. senator ron johnson will be joining us. and grove er nordquist. he is rite in the center of this base. a lot of people see him as a huge part of the problem. if you want to get something solved ahead of time. but there are others that say this is the right thing to be doing at this point. this is a full day of coverage. senator mark warner will be joining us, as well. a lot of people think if there's a compromise, it would start in the senate. obviously, a lot of questions as to what's happening. ross and kelly, it seems like things have gone a lot quieter than they had been for this week. for those on the inside, for those in the know, for those who have been watching for a long time in washington, they say it's a good thing because it probably indicates that talks are make some progress. you don't want to be talking out in front of the cameras when you may be making progress behind the scenes. at this point, quiet is probably a good thing. that's how we'll be looking at it, at least starting off this morning. >> becky, are you going to have to stay there as long as it t
CNBC
Dec 12, 2012 9:00am EST
-to-work state. governor rick snyder passing a new bill into law. ron motte is in lansing, michigan, with the latest. >> peace and quiet returned to the streets in the capital city. a far different scene than we saw here yesterday. about 10,000 people showed up. there was a lot of emotion on the lawn of the capital yesterday. a lot of the union workers believed this action was politically motivated, payback if you will for the successes of the democrats in michigan, but the president winning reelection as well. they think this is a death knell of the union in michigan. but the folks who advocated these changes to the workplace rules in michigan believe this gives workers more freedom, the freedoms they really should have to choose whether to join a union. the law will go into effect probably around april 1st or so. it's when the legislature ends its session now scheduled for december 20th. among the folks who lost this particular battle, believe this process should have included a lot more public debate. it was really rushed through the legislature over the past week or so. the hous
CNBC
Dec 14, 2012 6:00am EST
conservative. ron johnson is a tea party guy. he wants to give on the president before the end of the year and go ahead, i guess pass a bill that would extend the rates for everyone and that wouldn't pass in the house and say, okay, fine, we'll do it for 98%. put that in the president's court, get that done and is use the debt ceiling for spending. >> exactly. no, that is -- >> but he's not getting anywhere with boehner and cantor? >> it's because boehner so far is not willing to go along with that strategy. the way that it works for boehner is if he ultimately puts it on the floor and tells most of his members that they have a chance to vote against it and make playing their opposition to any tax rate increase. but he hasn't been willing to do that so far. he would get some republicans to join with dm democrats and it would pass the house. but he doesn't want to put something on the floor that would clear the house without at least half of the republican members. spending is a sticking point, but there is an asymmetry in the negotiations. democrats have laid out what they want on taxes, s
CNBC
Dec 18, 2012 6:00am EST
just don't. >> senator, so last week, ron johnson and you and others said what we need to do, the house passes 98% and below, allows the top 2% to go up to 39.6. just what the president wants. and then we start talk pg about spending and entitlement cuts in light of the debt ceiling coming in in february? is that what you're talking about now? so we're going to -- >> we're going to have to see whether the rank and file that boehner tries to get, if they don't go along -- you're saying they should mutiny and not do this deal he wants to do now and do this other one that puts the onus back on the president next year to come to the table for entitlement cuts. is that what you're saying? >> i don't even think speaker boehner unless, again, something's happened early this morning, he's not even going to try to sell this deal because he knows that the offer that they've made is not real yet. in other words, again let me say the cuts are to be determined down the road, with another fiscal cliff, that's being created. so what i would hope, joe, is right now, we would go ahead and implement the
CNBC
Dec 3, 2012 6:00am EST
betts. i don't know, but you can take a look at a company like jk penny with ron johnson. even every retailer, except one, who said give this guy more time. but usually the short-termism is a problem. you can see that the advisory firms, they have these ridiculous metrics for one year and three year barometers. it takes two or three years to fully take charge of this. and i think you're right, steve, the metrics are too short. sometimes if they are on a misguided path, we can correct it. vickram pandit, i frankly thought was mercuriel and imperious when he first stepped in there. he grew enormously in office. maria bartiromo had a tremendous interview with him. i thought he was defensive, yet his board understood him. board politics. >> i look forward to seeing you at the yale ceo summit. >> hi, dave. you should have run. joe is right, you should have run. >> we've already made him a czar. >> you end up consulting with a lot of ceos, a lot of corporate boards. from your perspective, what impact is the fiscal cliff having with regard to the situation? we've seen today a number of spec
CNBC
Dec 5, 2012 6:00am EST
's, grocery coupons, and don't tell ron johnson or bill ackman, but jc penney rounded out the top four. >>> tomorrow on "squawk box," negotiating a deal on the fiscal cliff. we'll talk about possible paths to a compromise with our guest host former treasury secretary larry summers. >>> plus, the ceo of caterpillar will give us the business perspective on the deficit disaster. you can't afford to miss "squawk box" tomorrow starting at 6:00 a.m. eastern. if you think running a restaurant is hard, try running four. fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities aro
CNBC
Dec 10, 2012 6:00am EST
. bar ron's named its top ten picks for 2013. if you want to know if you should pay any attention to it the magazine's ten stocks for 2012 have outpaced the market by 4 percentage points gaining an average of 17%. now to the picks for 2013. there you go. apple, jpmorgan, royal dutch shell, barnes & noble. blackrock, general dynamics. marathon, novartis, viacom and western digital. might want to flip that so you people can see what i just said. marathon, novartis, royal dutch, viacom and western digital. five on each page. the fiscal cliff dominated the sunday talk shows. senator dick durbin on "meet the press" yesterday saying no deal on the debt without a tax hike on the wealthy. >> i can tell you i don't want to do it, the president doesn't want to do it but we need to solve the problem. we cannot allow their reckless position to drive this economy into another recession. >> and senator bob corker argues it might be better to agree with what the president wants to do now on taxes, and then fight later on spending. >> if we were to pass, for instance, raising the top two rates an
CNBC
Dec 10, 2012 9:00am EST
. bush now an economics prof s professor at harvard and ron johnson, director at the institute for new economic thinking and a senior fellow at the roosevelt institute. skwre, good to have you both here. good morning. greg, let me just get you to bounce off of what corker said today. we've had a few senators here and there appear to give on taxes but corker laid it out pretty nicely, if you want to have a discussion about entitlements why wouldn't you get rates out of the way. does that mark a new chapter in these talks? >> it might well. and the whole issue, this whole package is going to look like, republicans have already conceded to some degree on revenue. they'll probably concede a little bit more. the question is what is the president willing to concede on the spending side? the liberal part of the democratic part of the party doesn't want to concede anything on entitlements. that's where the real problem is. the growth of entitlements is going to put us into bankruptcy unless we do something about it. >> do you believe giving him what he wants on rates forces his hand to impress
CNBC
Dec 14, 2012 9:00am EST
would be a bit cautious about how fast the results turn. look at jcpenney, ron johnson did a lot of creative things, but it takes time to turn around and old line retailer. look at sears, that's probably never going to turn. i think jolie is on the right course here. and he's got a winning strategy. one that schulze didn't have. and i think he's going to pull it off. but he may be more than three months, he may be tied beyond that. but we'll see. i think the board is acting responsibly trying to get the price for the shareholders. i'm not going against going private, they just have to make sure the public shareholders don't sell out at rock bottom prices and are treated fairly. >> i can't imagine he will nail a bid at 20. if you're right and they won't accept anything less, he's going to have his chance to turn this thing around. bill george, thanks, as always. >> thank you. >> we have an important interview coming up. one of the most influential voices of the tea party. congressman mick mulvaney speaking out about boehner and much more. ♪ [ male announcer ] 'tis the season to
CNBC
Dec 17, 2012 6:00am EST
ron" which focuses on mental health issues. good morning to you, clayton. >> good morning. thanks for bringing me on. >> big question we're trying to resolve this morning. i don't know if we're going to be able to do it, how do we zeal both with the gun control issue but perhaps as important, the mental health issues that revolve around this and controlling both of those things at the same time? >> well, you know, i'd like to make the point that the real issue here is mental health problems. because we have a surprising number of murders in the united states. typically 500 to 600 a year involving mentally ill offenders. and most of them get no attention at all. because, sometimes they're using a knife or a sword to kill, you know, one or two people, and it's a local news story. relatively rare instance these sort of random acts of mass murder when they involve a firearm, we pay a lot more attention. but the core problem is mental illness. 1960s when i was growing up, i can remember one such incident, that was the university of texas, and it was shocking, because people didn't do t
CNBC
Dec 24, 2012 6:00am EST
think the things for jcpenney that even ron johnson would probably say the plan is a plan but it's going to shift depending on what consumer reaction is. and being able to be certainly offer consumers deeper value, whether it's $10 off, i think there's more new things that are going to happen that we don't even know about, but price is going to have to be addressed. >> dana, obviously we can't avoid talking about the fiscal cliff. payroll tax cut looks like it's going not to be extended. so that would mean that everyone that has a job is going to probably see at least $30 or $40 every paycheck starting in january. which companies are affected the most by that? is it the low end? or is it some place in the middle? or the high end doesn't matter? what would you say? what advice are you giving? >> i think the low end to the middle. i think we've already been seeing the beginnings of some of the low end having some pressures that we didn't see earlier in the year. but look what walmart said, their ceo talked about more of their consumers beginning to feel impacts that are being aware of the
Search Results 0 to 46 of about 47 (some duplicates have been removed)